CONFIDENTIAL
FM BTC HONG KONG
TO PRIORITY FCO
TELNO 378
OF 230856Z DECEMBER 91
@
CONFIDENTIAL
Mhz 12/2
ча
134403
TOP COPY S DIST ?
MDLIAN 3662
YRTELNO 279: IBB INWARD INVESTMENT SEMINAR IN HONG KONG
1. THANK YOU. I AGREE THAT THE SEMINAR WAS SUCCESSFUL. THE PROOF OF THE PUDDING WILL BE IN THE FOLLOW-UP. WE ARE ENDEAVOURING TO
GET A GOOD TURN OUT FOR THE FOLLOW-UP MISSION TO TAKE PLACE IN
THE MIDDLE OF NEXT YEAR (ALTHOUGH I AM A LITTLE DISAPPOINTED IN THE INFLEXIBILITY OF IBB/DTI WHO HAVE JUST TOLD US (MALCOM DAY'S (DTI) LETTER OF 18 DECEMBER) THAT THE MISSION WILL NEED TO LAST FOR TWO WEEKS WHICH IS MUCH TOO LONG IN MY VIEW TO ATTRACT THE MOST EFFECTIVE PARTICIPANTS FROM HERE).
2. I MYSELF HAVE ALWAYS BEEN SCEPTICAL OF THE GUIDE-LINES FOR INWARD INVESTMENT FROM HONG KONG. I AM DOUBTFUL WHETHER WE NEED ANY SPECIAL GUIDE-LINES AT ALL. WITHIN GOVERNMENT WE NEED TO BE SENSIBLE AND TO AVOID GIVING THE IMPRESSION THAT WE ARE LEADING AN ALL-OUT CAMPAIGN TO GET INDUSTRY TO DESERT HONG KONG AND SET UP IN THE UK, BUT I AM NOT SURE THAT WE NEED SPECIAL GUIDE-LINES TELLING EVERYBODY OF THAT. IT IS SUFFICIENTLY OBVIOUS. NEARLY ALL THE OTHER INDUSTRIALISED COUNTRIES IN THE WORLD AREAS ACTIVE IN HONG KONG AS THEY ARE IN OTHER MAJOR AREAS OF THE PACIFIC RIM IN TRYING TO ATTRACT INVESTMENT. I SEE NO REASON WHY WE SHOULD NOT DO THE SAME. WHEN I HAVE SOUNDED OUT SENIOR MEMBERS OF THE HKG IN THE PAST INVARIABLY THEY HAVE AGREED.
HEAP
They do not have Reps toward's ith.us
ITME.
the scame
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MAIN
32
LIMITED
HKD
JOINT DIRECOTRATE ERD
ADDITIONAL 1. 1BB/DTI, VIC ST
DISTRIBUTION
33
LACK BAGER
PAGE
ECONOMIC ADVISERS
PS/LORD CAITHNESS
MR BURNS
1
CONFIDENTIAL
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